Munich Re – one of the world's leading risk carriers and financial services providers – is a committed sponsor of the internet portal www.mathematics-in-europe.eu. Mathematical departments are a key component of every insurance company. In the insurance industry, mathematicians predict the probability of future losses and anticipate the economic development of a whole package of insurance policies.
At Munich Re, mathematicians face interesting challenges on a daily basis. After all, the "insurers' insurer" assumes risks arising from natural catastrophes, the shipment of goods, major construction projects, third-party liability cases and provision for old age, to name but a few. Know-how such as this provides indispensable added value to the business of reinsurance. Without it, the risks of primary insurers and major companies could not be covered on a reasonable and sustainable economic basis. Its perfect mix of expert know-how and broad mathematical expertise ensures Munich Re's success as one of the world's largest reinsurers.
Munich Re advises over 5,000 clients in 150 countries and has 60 international business units. In addition to reinsurance, Munich Re (Group) also services over 31 million primary insurance clients, mainly from Europe, via the ERGO Group and other insurance companies. A further field of business is asset management, which is handled centrally by MEAG – a joint subsidiary of Munich Re and ERGO.
An insight into Munich Re's economic, social and entrepreneurial thinking is provided by Topics Online, an information platform for current issues with an effect or potential future impact on the (insurance) world. After all, genetic engineering, climate change, demographic trends and e-business present all reinsurers and primary insurers with major challenges.
To address these challenges, Munich Re needs highly qualified staff, and especially flexible and very well-trained mathematicians.
If you are interested in becoming involved in these activities, go to Career and PROFESSIONAL AREA Reinsurance: "Mathematicians and Statisticians". Perhaps you too will soon be working on the solutions of tomorrow at Munich Re.
(Text: Munich Re, March 2012.)